When I was a student engineer I wanted to build my own road car. I planned out how much it would cost, where I would buy parts, what would I use as a donor vehicle, how would I manufacture the bodywork and most importantly: what engine would I use? I didn't want to make just another kit car, it had to be scalable, and with my own engine.

Sitting at a breakfast table in the Credit Suisse Drivers Club I am surrounded by living legends of the motor racing industry... The Monaco Grand Prix Historic is full of stories like this from legends such as Sir Stirling Moss to young drivers such as Michael Lyons.

If you've been watching Formula 1 for a few years then you'll know that Richard Branson, boss of Virgin and one of the UK's richest men, has been around the series but only dipped his toe in the lukewarm waters of the world's most advanced for of motorsport...

In September 2014, ten teams will face each other on the tarmac for the first ever racing series that will feature only electric cars - the FIA Formula E World Championship. It will be a ground-breaking championship, filled with new challenges, where drivers will use two cars rather than one, and 'refuelling' will be done wirelessly.